The FED Now Owns Your Foreclosed Property Under QE3 Purchase of Toxic AssetsSubmitted by emalvini on Mon, 09/24/2012 - 21:39
The FED Now Owns Your Foreclosed Property Under QE3 Purchase of Toxic Assets
September 18, 2012
On ABC’s “This Week”, George Will, columnist for the propaganda news outlet Washington Post, spoke out against Ben Bernanke, Chairman of the Federal Reserve and his decision to instill QE3 which is essentially, “the government printing money.” Will pointed out that this latest move is covert “trickle-down economics” where citizens are forced to invest in equities in order to continue to prop up the economy to perpetuate the false sense of reality the American public lives under.
Last week, Bernanke announced that the Fed would purchase $40 billion in toxic assets called mortgage-backed securities per month. While this scheme will devastate the US dollar’s value by the very act of printing more money, there is a secret bailout of certain financial institutions occurring under the radar.
QE3 serves as a “regressive redistribution program” for the banksters who are enjoying a surge in their wealth under current economic conditions.